Interesting to see the month of August end on a bullish note, as we prepare to begin the month of Sept in continuation of the 8-9 months bearish trend. Jumping off the previous chart 2 days ago, we did see a nice consolidation and a bullish breakout that pushed price to $7100 area and i did warn of an imminent correction to cool off oversold RSI. However, its...
Interesting to see lots of traders excited each time Bitcoin's price is going up, infact, that makes me to know that there are lots of noobs in the crypto space A quick education if you don't mind.......... Price is not the metric you trade on, the price of an asset or crypto means nothing to a professional trader, what matters and what professional traders look...
Bitcoin is presently in the middle of a very interesting paradigm shift. Having reached equilibrum and then a short squeeze that sent price to the anticipated $6800 resistance area, followed by a dump that sent price back to the accumulation zone, price seems to have continued its strong consolidation in preparation for a massive rally in Sept 2018...
Ok guys today we decided to look at the bigger picture rather being discouraged by the present bearish bias of #BTC. Note that #BTC as of now remains bearish, the head and shoulder pattern is still very much in play both on the 4 hour and daily. Moreover, the SECs decision on the ProShares ETF proposal in two days time could moon or break #BTC price from current...
Interesting to watch $BTC as it continues to trade sideways within a very tight range for ten straight days. This to me seems like we are seeing a repeat of the same move we had in june when price traded within a tight range for 13 staright days before breaking to a new low of $5775, and traded sideways for another 17 after the bounce from below before breaking...
The signs are there, the chart says it all, we dont have to be too emotional about this. The informations presented to us by the market clearly tells us the direction of #BTC price in coming days/weeks........the facts are there on the chart, we dont have to allow our rigidity to keep us down in a world of denial....... Bear flag Weak volume Head and Shoulder...
ARE WE HEADING FOR A NEW LOW OR A TRIPPLE BOTTOM?........ The similar price move as depicted on the 4 hour chart could be pointing our attention to a possible new low, or a tripple bottom. Bears Holding up from here......chart looks bearish right now, a retest of the lower boundary is imminent from this point. Bearish Divergence seen on the 4 hour time...